Cannabis Testing Market Global Research and Analysis Report 2025

This report focuses on the Cannabis Testing in Global market, especially in United States, China, South Korea, United Kingdom, Southeast Asia. This report categorizes the market based on manufacturers, countries, type and application.

(EMAILWIRE.COM, September 19, 2018 ) Cannabis testing is used in variety of applications that includes determining the concentration of cannabis in various analytical samples such as pharmaceutical drugs, and detection of contaminants such as bacteria and fungi. Furthermore, the cannabis testing is also performed for determination of trace metals such as arsenic, cadmium that can adversely impact health if remained unchecked. These tests are performed with the help of various analytical techniques that include chromatography analysis, spectrometry, ELISA, polymerase chain reaction (PCR) and others.

The growth of global cannabis testing market is expected to be driven by various factors such as legalization of cannabis for recreational and medicinal purposes and increasing approval of cannabis for medicinal purposes. Moreover, the new laws on compulsory testing of cannabis for recreational use is also expected to propel the market growth. On the other hand, low investments in research and development, stringent regulatory framework, and high infrastructure cost of cannabis testing set up are going to hamper the market growth at certain extent during the forecast period.

The "Global Cannabis Testing Market Analysis to 2025" is a specialized and in-depth study of the medical device industry and healthcare IT with a focus on the global market trend. The report aims to provide an overview of global cannabis testing market with detailed market segmentation by type, services, end user and geography. The global cannabis testing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The global cannabis testing market is segmented on the basis of type, services, and end user. The type segment includes products and software. Based on services, the market is segmented into potency testing, terpene profiling, pesticide screening, residual solvent screening, heavy metal testing, microbial analysis, and genetic testing. Similarly, on the basis of end user, the market is segmented into testing laboratories, drug manufacturers, and research institutes.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cannabis testing market based on type, services, and end user. It also provides market size and forecast till 2025 for overall cannabis testing market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

North America holds a dominant position in the global cannabis testing market. This is primarily attributed to well-established healthcare infrastructure in the region and rising number of states in the US legalizing the use of cannabis for medicinal purposes. For instance, the Attorney General of the Obama-Era Guidelines in March 2018 reported that nine states in the US and the District of Columbia has legalized recreational use of Marijuana whereas additional 21 states allow the use of Cannabis only for medicinal purposes. Several other factors such as rise in number of laboratories for testing cannabis and presence of leading market players are also responsible for North America to hold a dominant position in the global cannabis testing market. Asia Pacific on the other hand is expected to witness significant growth over the forecast years owing to increasing healthcare expenditure allotted by the governments of the developing economies of this region.

The cannabis testing market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The cannabis testing market report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The cannabis testing market report also includes the profiles of leading players involved in cannabis testing equipment manufacturing and service providing along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key developments in past five years. Some of the prominent players operating in the global cannabis testing market include Agilent Technologies, PerkinElmer, Inc., Shimadzu Corporation, SCIEX, Merck KGaA, Restek Corporation, Waters, CannaSafe Analytics, Accelerated Technology Laboratories, Inc., and Digipath Labs.

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